Friday, March 11, 2011

WARNING ; IF YOU CLICK AND READ FULL ARTICLE YOU WILL BE SO OFFENDED BY THE FEDS ACTIONS, THAT YOU MIGHT WANT YOUR BARF BUCKET HANDY. TOTALLY IGNORING FRAUD IN THE MAKING AND THE TAKING OF HOMES - THE FACT THAT BANKS MADE MONEY THROUGH TRUSTS ETC. THAT BANKS IGNORE TILA RESPA AND FAIR DEBT LAWS AND WILL BE REWARDED - WELL IT MAKES ME WANT TO PUKE!

According to sworn statements released last year by the Florida Attorney General's office, one of the state's 'foreclosure mills' bribed employees with jewelry, cars and houses to forge and alter documents required by courts conducting foreclosure proceedings.

In some cases, random people were brought in and given titles like 'foreclosure expert,' even when they had no background in the financial industries. Employees came from places like factory assembly lines, Walmart or salons, and they were used to gin up as many foreclosure documents as possible.

The discovery of this practice, known as 'robo-signing,' was a key revelation in the lead-up to an investigation launched by all 50 state Attorneys General, looking into foreclosure fraud on part of the financial institutions. Banks that were involved in robo-signing included GMAC, Bank of America, JPMorgan Chase and Wells Fargo."